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Australia's Woolworths, Coles Sued Over Illusory Discounts; Shares Dip
Shares of Australian supermarket chains Woolworths Group Ltd. and Coles Group Ltd. were down more than 3 percent on Monday's trading after the country's consumer watchdog sued them over allegedly engaging in "illusory" discounting on hundreds of products. The Australian Competition and Consumer Commission or ACCC said it has commenced separate proceedings in the Federal Court against Woolworths
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